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PhosAgro Pays First Eurobond Coupon

13 August 2013
Moscow - PhosAgro ("PhosAgro" or "the Company") (Moscow Exchange, LSE: PHOR), a leading global vertically integrated phosphate-based fertilizer producer, reports that it has made its first Eurobond coupon payment of USD 10.510 million.

The Company successfully placed its debut USD 500 million Eurobond issue in February 2013 with a coupon rate of 4.204%.  The proceeds from the placement are being used for consolidating PhosAgro’s ownership in its main production subsidiaries and for refinancing of short-term borrowings.

PhosAgro’s Eurobond issue has a Baa3 rating from Moody’s and a BB+ rating from Fitch Ratings, both of which are in line with the Company’s corporate credit rating.